GE Aerospace is reportedly facing more than $500 million in tariff costs due to recent trade policies initiated during President Trump's administration. CEO Larry Culp has urged for a return to a tariff-free framework as established under the 1979 Agreement on Trade in Civil Aircraft, a move that has historically benefited the aerospace sector. The imposition of tariffs has introduced unprecedented uncertainty, disrupting supply chains and making it difficult for customers to forecast their operations, while also threatening shipments from suppliers like Howmet Aerospace.
"The company's position was understood by the administration, adding that the zero-duty regime has helped the US aerospace industry to enjoy a $75bn annual trade surplus."
"Trump's trade war has created the biggest uncertainty for the aerospace industry since the COVID-19 pandemic, leading to a breakdown in the industry's decades-old duty-free status."
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